Argentina’s dramatic 2-1 comeback against England in the World Cup semifinal did more than just send a nation into ecstasy. It sent fan token trading desks into overdrive, with the Argentine Football Association’s $ARG token seeing trading volume surge by nearly 300% during the tournament run.

The July 15 match featured late goals from Enzo Fernandez and Lautaro Martinez, both assisted by Lionel Messi, to flip a deficit into a final berth against Spain.

The Messi effect, quantified

Every Argentina win during this tournament has corresponded with noticeable upticks in $ARG token activity, culminating in that 300% volume surge.

The $SPAIN fan token jumped approximately 25% within minutes of the final matchup being confirmed.